AXA Real Estate Investment Managers is closing its second pan-European development venture. The real estate unit of AXA Group has also raised an additional €147.5 million of equity for the Development Venture III.
The venture invests in green and brown field sites and existing assets, which require extensive redevelopment. The scheme will primarily continue to target acquisitions in Paris and London. It will also consider opportunities in other major European capital cities.
Click here for the release from AXA Real Estate.